Report Update and a Message From the Team

Report Update and a Message From the Team
Good Afternoon Everyone and a Warm Welcome to all of our New Trading Group Members,

For those of you just joining us, pay attention we are not like the others.

This week we are taking it slow, running scanners and watching the markets for direction. We are not sure yet whether or not there will be another report issued before the upcoming Holiday.

As we mentioned early last week, market conditions and recent performance has us tightening up and becoming much more selective. So, let’s look at our recent biotech coverage from last week.

Thursday May 19th, 2022 just before market open we reported on Altamira Therapeutics (NASDAQ: CYTO) which opened at .82/share. In the Thursday session CYTO hit a high of .90 and closed at .86/share. In pre-market trading Friday morning CYTO hit a high of $1.06/share for realistic bookable gains of 25-29%. During normal market hours CYTO hit a high of .995/share for bookable gains of over 20%. For those looking for more over a longer time frame, we may very well be back with updates on this one before year end.

J-pow and the FED cartel have obviously been very hawkish with inflation running out of control. If you have been watching the news recently, I would not be too worried about monkey pox crashing the markets based on what I am hearing but, I am not a doctor and who knows for sure? The beginning of the unraveling of the FED balance sheet and the next potential rate increase will start to play out next month and this could give us some insight into where and when we might find a bottom in the markets.

For now, there are pockets stocks that are running everyday. This is NOT our first time navigating a bear market. We will continue to find value and persistently scan for stocks that can provide quick gains for our group members. Bear markets historically do not last long and when this bear market ends, things will get very interesting for us. We are already compiling a list of stocks for this event now.

If we are not back before the Holiday and long weekend, please have fun, be safe and enjoy your friends and family.
🙂

The Traders News Team

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